Wednesday, December 19, 2012
Evolve Media Sells SheKnows.com
Los Angeles-based Evolve Media Corp. said this morning that it is selling its SheKnows.com property to a private equity firm. Financial details of the sale, and the name of the private equity buyer, were not announced. Evolve Media said that it originally acquired SheKnows.com in 2006, when it was a five person company with 600,000 unique visitors per month. The online publisher said that SheKnows.com now has more than 41 million unique visitors each month, and employs more than 100 people. Evolve Media said the proceeds for the sale will go into acquiring new websites, and investment in technology. Evolve Media still has two other publishing units, CraveOnline Media and totallyher, and runs such sites as CraveOnline.com, Momtastic.com, GameRevolution.com, theFashionSpot.com, Sherdog.com, and ComingSoon.net.